Law 20321 - Modification - - Full Text Of The Norm

Original Language Title: MUTUALES LEY 20321 - MODIFICACION - - Texto completo de la norma

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image inicio sitio infoleg MInisterio de Justicia y Derechos Humanos
Act No. 25,374 Amend the Organizational Law on Mutual Associations No. 20,321.

Sanctioned: November 29, 2000.

Cast: December 28, 2000.

The Senate and Chamber of Deputies of the Argentine Nation assembled in Congress, etc., sanction with force of Law:

ARTICLE 1 Amend Act 20.321 as follows:

(a) Replace Article 5 with the following:

Article 5: Mutuals may associate and conclude all types of collaborative contracts with each other and with persons of another legal character for the fulfilment of their social object, provided that they do not distort their purpose of service.

(b) Delete article 35 (c).

(c) Add as article 35 bis the following:

Article 35 bis: The application authority may apply to the competent judge:

1. The nullity of resolutions of social bodies when they are contrary to law, status or regulations.

2. Intervention by the mutual administration and control bodies when they perform acts or incur omissions that pose a serious risk to their existence.

(d) Replace article 37 with the following:

Article 37: Mutuals are covered by Act No. 24.522.

(e) Add following article 41 the following:

Article 41 bis: The national State shall authorize the retention of the amount of social contributions and service charges of its employees, upon request in favour of their respective mutuals, in the conditions established by the regulation. The amounts retained will be entered into the mutual funds within five days of the receipt. The same procedure shall apply to national retirees and pensioners. Provincial and Autonomous City governments of Buenos Aires and private employers will be invited to take similar measures.

ARTICLE 2 This law will begin to govern from its publication. Ongoing administrative interventions shall cease within ninety days of the entry into force of this law, the respective accountability must be presented in each case.

ARTICLE 3 Contact the Executive.

IN THE SESSION OF THE ARGENTINE CONGRESS, IN GOOD AIRES, TO THE NEW DIAS OF THE MONTH OF NOVEMBER OF THE YEAR DOS MIL.

# 25,374 EL

PASCUAL RAFAEL. . MARIO A. LOSADA. . Guillermo Aramburu. . Juan C. OyarzĂșn.